Brewtown Politico

Carrying a little stick and speaking loudly in Milwaukee


Getting gouged at the gas pump these days? Oil companies like Exxon Mobil should be sending you a thank you card:

"Exxon Mobil Corp. Chief Executive Lee Raymond's compensation package jumped to more than $38 million last year, when soaring energy prices helped the No. 1 public oil company report one of the largest profits in U.S. corporate history.

Raymond's salary rose slightly to $3.6 million while his bonus rose to $3.9 million. He also received restricted stock awards worth more than $28 million, up from $17.9 million a year earlier.

The past year was an exceptionally good one for Exxon, which rode the wave of rising oil and gas prices to post revenue of more than $298 billion and a record profit of $25.33 billion. The company's share price also surged more than 28 percent in the year."


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